Category Archives: UAE Business News
The Leaking Pipeline Needs to be an Immediate Priority for all Current and Future Business Leaders in the UAE States ACCA
Brokerage House Securities (BHS) hosted a delegation from West Africa recently to bolster the development of the West African regional stock-market in collaboration the with Abu Dhabi Securities Exchange (ADX). The institutional development team from West Africa gained insight on best practice from BHS, a subsidiary of the Abu Dhabi based KBBO Group.
Bayut.com, the UAEâ€™s leading data-driven property portal has come out with their monthly real estate report with insights on the latest trends in the industry. Januaryâ€™s report looks closely at what impact the introduction of VAT has had on the cityâ€™s real estate projects and how rental trends have changed since 2017.
Tornado Group has signed an investor partnership agreement with Dubai Quality Group (DQG). This partnership aims at enabling the transfer and exchange of expert knowledge, experiences, best practices, ideas, and the expansion of optimal & productive cooperation. In order to activate fruitful cooperation between both parties to foster quality, business excellence, innovation, technology performance, and leadership in the construction filed. In line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, by making the UAE the most innovative country in 2021.
Best’s Special Report: Rated MENA Companies Maintain Strong Capitalisation Levels Despite Stifled Growth
Companies operating in the Middle East and North Africa (MENA) region have encountered suppressed growth rates as economic and political uncertainties persist, although entities rated by A.M. Best have broadly maintained strong balance sheets.
Arabic.pdfÂ QNB Group, the largest financial institution in the Middle East and Africa, was recognized once again as the most valuable banking brand in the Middle East and Africa region with brand value worth US $4.2bn, according to The Bankerâ€™s 2018 Brand Finance Global 500 report published in its February edition.
The long-standing UAE-Africa partnership received a major boost following a reception organized by two ministers. This event took place on the sidelines of the 30th edition of the African Union Summit currently underway in Addis Ababa Ethiopia, the Headquarters of the African Union. A host of ministers and officials from Africa attended the event organized jointly by Abu Dhabi’s Department of Culture and Tourism, and the Ministry of Foreign Affairs and International Cooperation.
Around the world, there are 250 top retailers that generate $4.4 trillion in revenue with a net profit of 3.2 percent. Two of these firms are in the retail market in the UAE, including Lulu Group with a 32 percent share of the market and 131 stores in GCC, Egypt, India, Indonesia, and Malaysia. Also in the retail market in the UAE is Majid Al Futtaim Holding. Both retailers are listed at number 141 and 151 respectively.